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Crude prices cross $90 as ceasefire hopes dim, Hormuz disruption weighs on supply

Times of India

BusinessTimes of India·Aug 18, 2026·1 min read

Crude prices cross $90 as ceasefire hopes dim, Hormuz disruption weighs on supply

Oil prices climbed Tuesday as Middle East war concerns persisted. Iran signaled a more offensive military approach, and the US rejected extending the ceasefire. Shipping through the Strait of Hormuz significantly decreased following recent…

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